Cost of Capital Effects and Changes in Growth Expectations Around U.S. Cross-Listings

By Luzi Hail, Christian Leuz. 2009

613 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/0e20594f575b398fa0e66b59345a908e470f15bd

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Citations in the corpus

Shock-Based Causal Inference in Corporate Finance and Accounting Research (2015, background): “…Cheng and Farber (2008) compare the change in CEO option grants for firms that restate earnings with the change for non-restating control firms; Hail and Leuz (2009) compare the change in cost of capital for firms which cross-list in the US to the change in the median cost of capital for all…”
Do Implicit Barriers Matter for Globalization (2013, neutral): “For evidence on the bonding hypothesis, see, Doidge, Karolyi, and Stulz (2004) and Hail and Leuz (2009).”
Political Incentives to Suppress Negative Information: Evidence from Chinese Listed Firms (2015, background): “These bonding-related effects yield a lower cost of capital and heightened valuations for the crosslisted firms (Hail and Leuz [2009], Diodge, Karolyi, and Stulz [2004] ).”
Does corporate social responsibility affect the cost of capital (2011, methodology): “…et al., 2006), tax enforcement (El Ghoul et al., 2010), corporate governance (Chen et al., 2009a,b), and ownership structure (Boubakri et al., 2010), and has also been used in event studies that examine cross-listings (Hail and Leuz, 2009) and earnings restatements (Hribar and Jenkins, 2004).”
Agency Costs of Free Cash Flow and the Effect of Shareholder Rights on the Implied Cost of Equity Capital (2010, neutral): “…the implied cost of equity and firm or country attributes, such as institutions and securities regulations (Hail and Leuz (2006)), cross-listing (Hail and Leuz (2009)), default risk (Chava and Purnanandam (2010)), voluntary disclosure (Francis, Khurana, and Pereira (2005), and Botosan (1997)),…”
Enterprise Risk Management and the Cost of Capital (2016, positive): “Thus, improved disclosures and information sharing with investors can help to mitigate information asymmetries and should result in a lower cost of capital (see, e.g., Verrecchia, 2001; Lambert, Leuz, and Verrecchia, 2007; Hail and Leuz, 2009).”
Corporate Environmental Responsibility and the Cost of Capital: International Evidence (2016, methodology): “As discussed above, we proxy for firm risk using the volatility of stock return instead of beta because we want to avoid taking a stance on whether international equity markets are integrated (Hail and Leuz 2006, 2009).”